Merit Financial Group LLC Buys 63,746 Shares of First Trust Long/Short Equity ETF $FTLS

Merit Financial Group LLC boosted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 207.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,453 shares of the company’s stock after acquiring an additional 63,746 shares during the quarter. Merit Financial Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $6,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Creekmur Asset Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the second quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its position in First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the period. Farther Finance Advisors LLC grew its holdings in First Trust Long/Short Equity ETF by 456.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $31,000 after acquiring an additional 383 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at about $79,000. Finally, Sage Mountain Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF during the second quarter valued at about $201,000.

First Trust Long/Short Equity ETF Trading Down 0.8%

First Trust Long/Short Equity ETF stock opened at $70.99 on Friday. The firm has a market cap of $2.07 billion, a P/E ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.20. The firm has a 50-day moving average of $71.08 and a 200-day moving average of $68.78.

About First Trust Long/Short Equity ETF

The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.